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Asset Summary – Tuesday, 10 February US DOLLAR is currently under pressure as economic data suggests a potential slowdown in US growth. Weaker retail sales figures have increased expectations for the Federal Reserve to implement rate cuts, potentially making the dollar less attractive to investors. Furthermore, reports that Chinese regulators are…
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Oil prices are on the rise, experiencing a third consecutive session of gains, fueled by ongoing US-Iran tensions and uncertainties surrounding India’s Russian crude oil purchases. WTI crude oil futures reached $64.6 per barrel. US issued warning to American-flagged ships to avoid Iranian waters in the Strait of Hormuz. US and…
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Gold experienced slight selling pressure, dipping below $5,050 per ounce but remained near recent highs. Investors are awaiting key US economic data, including the Nonfarm Payrolls report and inflation figures, which are expected to influence the Federal Reserve’s rate path. Market expectations for rate cuts and continued official-sector demand from China…
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Japanese shares experienced a significant surge, with the Nikkei 225 Index climbing to new record highs, driven by political developments and renewed optimism in the technology sector. Broad market gains were also observed, reflecting positive sentiment across various industries. The Nikkei 225 Index jumped 2.28% to close at 57,650. The broader…
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The DAX 40 traded near 25,000 on Tuesday, maintaining levels close to its highest point since mid-January. Market participants are closely monitoring earnings reports and corporate announcements, while also anticipating upcoming macroeconomic data releases, specifically US jobs figures scheduled for Wednesday. Performance across sectors was mixed, with some companies experiencing significant…
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The FTSE 100 experienced a decline on Tuesday, reversing gains from the previous two sessions. The downturn was primarily driven by significant losses in heavyweight sectors like energy, banking, and mining, overshadowing positive performances from certain companies and the housebuilding sector. The FTSE 100 fell more than 0.5%. BP dropped over…
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US equity futures for the Dow Jones remained near the flatline, holding gains from the previous two sessions. Market sentiment is influenced by ongoing assessment of AI capital expenditure alongside weaker than anticipated retail sales data which has impacted interest rate expectations. Investors are anticipating forthcoming jobs and CPI reports for…
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The Australian Dollar is experiencing a period of mixed signals. It recently weakened against the US dollar amidst disappointing domestic economic data, including a drop in consumer sentiment and dwelling approvals. However, positive business confidence and a hawkish stance from the Reserve Bank of Australia (RBA) are providing some support. The…
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The Canadian Dollar is showing strength, trading near 1.3560 against the US Dollar. The Loonie is benefiting from positive domestic labour data, firm commodity prices (specifically oil), and shifting monetary policy expectations, all contributing to its attractiveness relative to the US Dollar. Meanwhile, weakness in the US Dollar stemming from softer…
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The Japanese Yen has strengthened against the US Dollar, driven by renewed verbal intervention from Tokyo and the aftermath of the recent general election. Sanae Takaichi’s victory has fueled expectations of expansionary fiscal policies, creating both optimism and concerns about Japan’s fiscal outlook. While Japanese equities have surged, bond yields have…
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The British pound is currently under pressure, trading below recent highs due to a combination of domestic political uncertainty and rising expectations of interest rate cuts by the Bank of England. While support within the Labour Party has stabilized sentiment somewhat, the dovish stance of the central bank, coupled with concerns…
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The euro has been trading near its strongest levels since late January, supported by the European Central Bank’s apparent lack of concern over its recent appreciation and the upcoming departure of a key policy dove. While US dollar weakness initially fueled the euro’s gains, the dollar is attempting a rebound ahead…
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The US Dollar is experiencing downward pressure, with the dollar index falling after weaker-than-expected US data fueled increased expectations for Federal Reserve rate cuts. Concerns regarding foreign demand for US assets, stemming from reports of potential limitations on Chinese holdings of US Treasuries, are also contributing to the dollar’s weakness. Investors…
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Asset Summary – Monday, 9 February US DOLLAR is facing downward pressure as multiple factors contribute to its weakened position. Concerns are growing among major economies, including China and some European pension funds, regarding their overexposure to US assets, leading them to reduce their holdings of US Treasury securities. This unease…
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Oil markets are experiencing volatility due to a combination of geopolitical tensions and supply concerns. Optimism regarding US-Iran negotiations is tempering prices, but escalating tensions between the two countries previously drove prices higher. The market is balancing the risk of supply disruptions with concerns about potential oversupply due to increased production…
